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What: The mobile marketing and digital solutions InternetQ is acquiring UPmobile, a Mexican mobile marketing, television and radio content provider for an undisclosed sum.
Why it matters: With this acquisition, InternetQ’s second in Latin America, the company will increase its’ presence in the region.

descarga imagesInternetQ, a provider of mobile marketing and digital solutions for mobile network operators and brands,has reached an agreement to acquire Mexican mobile marketing, television and radio content provider UpMobile.

This acquisition strengthens InternetQ’s presence  in Latin America as it had already acquired Interacel Holdings LLCin January. It will give InternetQ opportunities to further distribute its performance-based advertising and streaming music services.

UpMobile provides interactive solutions for radio stations, as well as mobile solutions to media organizations and the public sector in Mexico, a market of over 100 million mobile connections and 33 million smart phone users currently. An eMarketer research shows the number of smart phone users will most likely increase by 18-20% per year by 2017.

“We are delighted to announce the acquisition of UpMobile, which accelerates our ability to deployInternetQ’s services in the evolving Mexican market and further strengthens our growth in Latin America,” said Panagiotis Dimitropoulos, chief executive officer and founder of InternetQ.

No financial details of the acquisition were provided.

What? The Mobile digital solutions company InternetQ has increased its incomes by nearly %40.
Why it matters? Latin America, where mobile marketing and mobile entertainment services are firmly established as a powerful customer acquisition tool,is one of the key regions of growth.

The Mobile digital solutions company InternetQ , has continued its’ growth during 2013, increasing incomes by nearly 40% to over €100 million(more than US$ 13 millions)

Annual EBITDA was of over €16.1 million (us$21.84 million) and after-tax adjusted viability to the order of €10 million (more than US$ 13,56 millions).

Mobile Marketing and Mobile Entertainment activities are the group’s performance main supports, including InternetQ’s social media and entertainment platform Akazoo.

Asia, Africa and Latin America are the key regions of growth. In Latin America, mobile marketing and mobile entertainment services are firmly established as a powerful customer acquisition tool.

Akazoo is on continuing demand from global media and mobile telecoms providers. Minimob has found widespread distribution and profile in the booming App economy.

InternetQ maintains a strong year-end income which last December exceeded of €12.5 million(US$16,95 millions). This solid financial position provides sufficient capacity to support future growth, especially as smartphone adoption and usage becomes commonplace across multiple emerging and developed markets.

Active discussions with a number of new and existing customers are progressing as a result of the acquisition.

Source: Stock market Wire

What? The Mobile digital solutions company InternetQ has increased its incomes by nearly %40.
Why it matters? Latin America, where mobile marketing and mobile entertainment services are firmly established as a powerful customer acquisition tool,is one of the key regions of growth.

The Mobile digital solutions company InternetQ , has continued its’ growth during 2013, increasing incomes by nearly 40% to over €100 million(more than US$ 13 millions).

Annual EBITDA was of over €16.1 million (us$21.84 million) and after-tax adjusted viability to the order of €10 million (more than US$ 13,56 millions).

Mobile Marketing and Mobile Entertainment activities are the group’s performance main supports, including InternetQ’s social media and entertainment platform Akazoo.

Asia, Africa and Latin America are the key regions of growth. In Latin America, mobile marketing and mobile entertainment services are firmly established as a powerful customer acquisition tool.

Akazoo is on continuing demand from global media and mobile telecoms providers. Minimob has found widespread distribution and profile in the booming App economy.

InternetQ maintains a strong year-end income which last December exceeded of €12.5 million(US$16,95 millions). This solid financial position provides sufficient capacity to support future growth, especially as smartphone adoption and usage becomes commonplace across multiple emerging and developed markets.

Active discussions with a number of new and existing customers are progressing as a result of the acquisition.

Source: Stock market Wire